Contract Cost Plus Agreement For Construction In Michigan

State:
Multi-State
Control #:
US-00462
Format:
Word; 
Rich Text
Instant download

Description

The Contract Cost Plus Agreement for Construction in Michigan outlines the terms between the contractor and the owner for a residential construction project. Key features include a defined scope of work, detailing the project specifications and site location. The contractor is responsible for obtaining necessary permits, while the owner must provide a boundary survey and title opinion before construction begins. Additionally, provisions for soil conditions, insurance obligations, and a clear process for change orders are included. The agreement outlines payment terms based on actual construction costs plus a specified fee, accommodating potential increases through change orders. Late payment penalties and warranty clauses further protect the interests of both parties. This agreement is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants engaging in construction projects, ensuring compliance with state regulations and clear communication between parties involved.
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  • Preview Construction Contract for Home - Fixed Fee or Cost Plus
  • Preview Construction Contract for Home - Fixed Fee or Cost Plus

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FAQ

Michigan construction contract requirements Only residential construction contracts are regulated in Michigan. Such contracts must be in writing, include the contractor's license number (if a license is required), and cite the statute that requires the contractor to be licensed for their particular trade.

Ing to Boundy (2012), typically, a written contract will include: Date of agreement. Names of parties to the agreement. Preliminary clauses. Defined terms. Main contract clauses. Schedules/appendices and signature provisions (para. 5).

How To Write A Construction Contract With 7 Steps Step 1: Define the Parties Involved. Step 2: Outline the Scope of Work. Step 3: Establish the Timeline. Step 4: Determine the Payment Terms. Step 5: Include Necessary Legal Clauses. Step 6: Address Change Orders and Modifications. Step 7: Sign and Execute the Contract.

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Contract Cost Plus Agreement For Construction In Michigan